Included in This Report:

Freshmen At Daymar College - Online Take Out an Average of $5,974 in Loans in Their First Year

At Daymar College - Online, 100.0% of
incoming students take out a loan to help defray freshman year costs, averaging
$5,974 a piece.
This amount includes both private and federally-funded student loans.

The average federal loan is
$5,974, which is
108.6%
of the first-year borrowing cap of $5,500* for the typical first-year dependent student.

*Independent students and those with parents who do not qualify for PLUS loans have higher borrowing caps.

Be Aware of What Isn't Shown

Unlike the data shown for freshmen, average undergraduate student loan amounts do not include private loans.
In addition to unreported parent loans, this can increase the average amount borrowed significantly.

The Average Loan Amount for All Undergrads at Daymar College - Online is $7,305 Per Year.

100.0% of all undergraduate students
(including freshmen) at
Daymar College - Online utilize federal student loans to help pay for their college education,
averaging $7,305 per year.
This amount is
22.3% higher than the
$5,974 amount borrowed by freshmen.
The fact that returning students borrow more than freshmen could indicate that the school front-loads financial aid packages,
offering more aid to new students while expecting returning students to take on larger loans to continue their education.

Borrowing the average amount will result in loans of
$14,610 after two years and
$29,220 after four.

These numbers are based on borrowing the same amount each year and do not include any loans where the parent is the borrower,
even though Parent PLUS loans are frequently included in financial aid packages.

Were you surprised by how much you are projected to owe by the time you graduate? Remember this is an average: some students will borrow more than this.